World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $658.50/mt on Wednesday, reaching the lowest level since March 13. The G20-HSFO Index slipped by $1/mt to $550/mt, while the G20-MGO Index lost $2.50/mt to $848.50/mt.
ICE Brent crude futures fell by $2.89/bl to $83.44/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $1/mt to $644.50/mt, at Rotterdam they declined by $10.50/mt to $590/mt, at Fujairah they rose by $0.50/mt to $643/mt, and at Houston they dropped by $11/mt to $608.50/mt.
On Thursday morning Brent futures were trading up by $0.56/bl from the previous session's close at $84/bl as of 5:54 AM in London. In metric tonne terms that would be equivalent to a $4.22/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 623.50 | 0.00 | 723.50 | 3.00 |
| Rotterdam | 568.00 | 2.00 | 741.50 | 4.50 |
| Houston | 595.50 | 10.50 | 765.50 | 15.50 |
| Fujairah | 628.50 | 0.50 | 874.50 | 6.50 |
| Global 20 Ports Average | 637.00 | 1.00 | 816.00 | 0.50 |
| Global 4 Ports Average | 604.00 | 3.50 | 776.50 | 3.00 |
| Global Average Bunker Price | 690.50 | 0.50 | 878.00 | 1.50 |
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